The effect of broadband infrastructure on entrepreneurial activities: The case of Germany

This paper investigates whether the local infrastructure favours entrepreneurial activities. Besides the physical and knowledge infrastructure we take into account a county's broadband availability by building an index which accounts for county-related specificities. We find that broadband availability fosters entrepreneurial activities particularly in high-tech sectors for which efficient ways of knowledge transfer is crucial. --broadband provision,physical and knowledge infrastructure,local entrepreneurial activities

I think therefore I learn? Entrepreneurial cognition, learning and knowing in practice

In observing recent theoretical developments in the field, it is apparent that two distinctive yet relatively separate areas of study have emerged—entrepreneurial cognition and entrepreneurial learning. This conceptual paper aims to create some measure of reconciliation between these two perspectives to provide a more robust and multidisciplinary conceptual platform for understanding the entrepreneur. We augment an appreciation of the social dimensions of the learning process by which entrepreneurs cognitively acquire and transform knowledge. Through the application of influential practice-based theorizing we offer an integrative organizing framework that places participation at the heart of entrepreneurial practice, knowledge and identity

Disentangling the Effects of New Venture Team Functional Heterogeneity on New Venture Performance

Previous research on entrepreneurial teams has failed to settle the controversy over whether team heterogeneity helps or hinders new venture performance. Reconciling this inconsistency, this paper suggests a new conceptual approach to disentangle differential effects of team heterogeneity by modeling two separate heterogeneity dimensions, namely knowledge scope and knowledge disparity. Analyzing unique data on functional experiences of the members of 337 start-up teams, we find support for our contention of team heterogeneity as a two-dimensional concept. Results suggest that knowledge disparity negatively relates to both start-ups' entrepreneurial and innovative performance. In contrast, we find knowledge scope to positively affect entrepreneurial performance, while it shows an inverse U-shaped relationship to innovative start-up performance.Entrepreneurial teams, New venture performance, Team heterogeneity, Team diversity

Entrepreneurial experience and the innovativeness of serial entrepreneurs

Purpose - This paper examines the effects of past entrepreneurial experience on the reported innovativeness of serial entrepreneurs’ subsequent ventures. Building on insights from the generative entrepreneurial learning process and from cognition theories, we propose that regardless of the type of entrepreneurial experience, positive or negative, such experience enriches the cognitive schemas of serial entrepreneurs leading them to greater reported innovativeness. Knowing this will expand our knowledge of entrepreneurial career development. Design/Methodology/approach - The proposed hypotheses are tested using Heckman regression models relating past entrepreneurial experience, current business ownership and reported innovativeness of current businesses on a unique sample drawn from a Catalan adult population survey. The data on the past entrepreneurial experience of the Catalan adult population were collected specifically for the purpose of this study. Findings - Results reveal that practical experience is an essential prerequisite for entrepreneurial learning, and even negative entrepreneurial experience may induce generative entrepreneurial learning suitable for subsequent outperforming ventures for the psychologically strong who have managed to learn from their experience. Implications - This paper offers insights on how the nature of the past entrepreneurial activity influences future venturing decisions. This study contributes to the academic debate on whether increased entrepreneurial experience and generative learning processes best explain serial entrepreneurial behaviors. Originality/Value - The paper further explores the influence of previous entrepreneurial experience on current entrepreneurial activity by analyzing the relationship between serial entrepreneurship and reported innovativeness.Preprin

PENGARUH PENGETAHUAN, KEPERIBADIAN PROAKTIF DAN KEWASPADAAN BERWIRAUSAHA TERHADAP INTENSI BERWIRAUSAHA

This study has a goal, namely to determine whether or not there is an influence between entrepreneurial knowledge, proactive personality and entrepreneurial vigilance on entrepreneurial intentions in Jambi University students. The sample used in this study was 272 students. Data collection using a questionnaire. The method of data analysis in this study uses quantitative methods supported by Smart PLS software version 3.2.9. The results of the study show that (1) entrepreneurial knowledge affects entrepreneurial vigilance. (2) Proactive personality influences entrepreneurial vigilance. (3) Entrepreneurial knowledge influences entrepreneurial intentions. (4) Proactive personality influences entrepreneurial intentions. (5) Entrepreneurial vigilance has no effect on entrepreneurial intentions. (6) Entrepreneurial knowledge influences entrepreneurial intentions through the intervening variable entrepreneurial vigilance. (7) Proactive personality has no effect on entrepreneurial intentions through the intervening variable entrepreneurial vigilance.Kata Kunci : Entrepreneurial intention, knowledge, proactive personality, vigilanceThis study has a goal, namely to determine whether or not there is an influence between entrepreneurial knowledge, proactive personality and entrepreneurial vigilance on entrepreneurial intentions in Jambi University students. The sample used in this study was 272 students. Data collection using a questionnaire. The method of data analysis in this study uses quantitative methods supported by Smart PLS software version 3.2.9. The results of the study show that (1) Entrepreneurial knowledge influences entrepreneurial intentions. (2) Proactive personality influences entrepreneurial intentions. (3) Entrepreneurial vigilance has no effect on entrepreneurial intentions. (4) entrepreneurial knowledge affects entrepreneurial vigilance. (5) Proactive personality influences entrepreneurial vigilance. (6) Proactive personality has no effect on entrepreneurial intentions through the intervening variable entrepreneurial vigilance. (7) Entrepreneurial knowledge influences entrepreneurial intentions through the intervening variable entrepreneurial vigilance

A First Course in Entrepreneurship Fundamentals, Part I

This two-part article offers ideas for teaching students who are interested in entrepreneurship but unprepared for the widely-taught business plan course. Their lack of preparation is due less to a lack of business knowledge than it is to an awareness of their life and career needs and of the realities of entrepreneurial careers. Course content ideas are presented to help these students develop competencies in four areas: self-understanding, knowledge of entrepreneurial careers, a realistic sense of what ventures would work for them, and business-relevant creativity

Sustainable and traditional product innovation without scale and experience, but only for KIBS!

This study analyzes the ideal strategic trajectory for sustainable and traditional product innovation. Using a sample of 74 Costa Rican high-performance businesses for 2016, we employ fuzzy set analysis (qualitative comparative analysis) to evaluate how the development of sustainable and traditional product innovation strategies is conditioned by the business’ learning capabilities and entrepreneurial orientation in knowledge-intensive (KIBS) and non-knowledge-intensive businesses. The results indicate two ideal strategic configurations of product innovation. The first strategic configuration to reach maximum product innovation requires the presence of KIBS firms that have both an entrepreneurial and learning orientation, while the second configuration is specific to non-KIBS firms with greater firm size and age along with entrepreneurial and learning orientation. KIBS firms are found to leverage the knowledge-based and customer orientations that characterize their business model in order to compensate for the shortage of important organizational characteristics—which we link to liabilities or smallness and newness—required to achieve optimal sustainable and traditional product innovation.Peer ReviewedPostprint (published version

The Value Added Approach of Entrepreneurial Philanthropy

Entrepreneurs add value to society beyond the wealth creation process and the creation of new products and services, through their engagement in philanthropy. The increasing prominence of high net worth entrepreneurs engaging in philanthropy, whose focus is typically on global social problems, is worthy of scholarly attention. Accurate reflections of the current practice of entrepreneurial philanthropy are required, in order for researchers to develop knowledge and understand the phenomenon of entrepreneurial philanthropy. Entrepreneurial philanthropy has emerged from practices of entrepreneurship, and the methods and practices associated with venture capital investment. Any analysis of entrepreneurial philanthropy requires careful consideration of the extent to which the practices and behaviours common to entrepreneurship can easily transfer over to the field of philanthropy

Entrepreneurial ecosystems: a dynamic lifecycle model

The concept of entrepreneurial ecosystems has been used as a framework to explain entrepreneurial activities within regions and industrial sectors. Despite the usefulness of this approach, the concept is under-theorized, especially with regard to the evolution of entrepreneurial ecosystems. The current literature is lacking a theoretical foundation that addresses the development and change of entrepreneurial ecosystems over time and does not consider the inherent dynamics of entrepreneurial ecosystems that lead to their birth, growth, maturity, decline, and re-emergence. Taking an industry lifecycle perspective, this paper addresses this research gap by elaborating a dynamic entrepreneurial ecosystem lifecycle model. We propose that an ecosystem transitions from an entrepreneurial ecosystem, with a focus on new firm creation, towards a business ecosystem, with a core focus on the internal commercialization of knowledge, i.e., intrapreneurial activities, and vice versa. Our dynamic model thus captures the oscillation that occurs among entrepreneurs and intrapreneurs through the different phases of an ecosystem’s lifecycle. Our dynamic lifecycle model may thus serve as a starting point for future empirical studies focusing on ecosystems and provide the basis for a further understanding of the interrelatedness between and co-existence of new and incumbent firms

Elastic limit: The role of university-focused venture capital firms in extending knowledge and technology transfer

This paper has two main objectives. Firstly, to identify the role of the university-focused intermediaries, specifically UVCs, in order to explain how they interact at the early stage of USO creation, particularly regarding knowledge sharing. Secondly, to analyse whether they change their position once the USO is developed. This gives rise to two Research Questions: How does knowledge sharing occur in the dynamics of a university-based entrepreneurial ecosystem? And Do particular participants, such as UTTOs or UVCs, always occupy the same role and position within the university-based entrepreneurial ecosystem?Universidad de Málaga. Campus de Excelencia Internacional Andalucía Tech